Accountants and Advisers for Doctors and Dentists
McMasters’ act as accountants and advisers for doctors, dentists and other medical professionals. We have a huge reservoir of technical expertise and practical experience dealing with these and similar high net wealth clients. Our medical clients range from large corporate groups to the smallest part time practices. Each doctor, dentist or medical client receives exactly the same care and attention.
Contact us today to set up a complimentary initial meeting with a Director – just click the “new client enquiry” button below to get started.New Client Enquiry
What Our Clients Are Saying About Us
“I have worked with McMasters’ Accountants for 2 years and continue to do so. McMasters’ provides expert tax, accounting and financial planning services for doctors and have provided valuable tax advice in relation to my medical practice and have assisted with changing its structure. They work with Xero accounting, which has vastly simplified the work required to generate Business Activity Statements. They also operate a commission rebate scheme which has yielded significant savings on life and disability insurance, and which provides peace of mind for investment advice. Given these factors, I would recommend the organisation to most doctors.
Dr Niall Tebbutt Oncologist
“I have been with McMasters’ for the last 8 years and have been really impressed by their professionalism and integrity. They specialise in dealing with medical professionals. The financial, tax and business guidance throughout the years has been invaluable not only from the business standpoint but also on personal level. I would highly recommend their services.”
Dr Arshad Ghani GP Doctor
“We have been with McMasters since 2005 and wish we had engaged their services a decade earlier. They have provided us with invaluable guidance with some aspects of our practice management, financial, taxation and legal issues. We appreciate that the company has evolved its services into a multi-disciplinary approach that can also assist succession planning for our children and future generations.”
Lena Chan GP
Recent Diary Notes
Are you a medical, dental or allied health practice engaging other practitioners on a service arrangement? If so, it is important you document the method of engagement properly and consider the manner of which you conduct day to day operations of the clinic and its interaction with the practitioner. State Revenue Office alert State Revenue […]
Background For many doctors working in the hospital system for more than one employer and the issue of exceeding the concessional contribution limit ($25,000 for the 2019 financial year) has been frustrating and often costly. However, it now appears that a solution might be close to hand. The Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2018 currently before Parliament proposes to amend the law to […]
What is it? Single Touch Payroll (STP), is the new streamlined way for the ATO to receive payroll and superannuation data from employers. It represents a significant change and businesses will need to ensure they are ready to meet the new obligations. A two part roll out STP became compulsory for ‘substantial employers’, businesses with […]
We are often asked to value practices, whether it be acting for the vendor or the potential purchaser. A practice is often the best investment a doctor makes, providing the potential to generate higher income than what would otherwise be generated as a non-owner. What is goodwill? Goodwill represents an intangible asset of a business […]